Cypress's SunPower Subsidiary to Address Lehman Brothers on Wednesday, February 23, in Webcast

Webcast Available on Cypress Website at: https://www.cypress.com/investors

SAN JOSE, Calif., February 21, 2005--Cypress Semiconductor Corp." (NYSE: CY) today announced that senior management from its SunPower Corp., subsidiary will make a presentation to Lehman Brothers on Wednesday, February 23, at 9:30 a.m. Pacific Standard Time. The presentation will be available via live webcast through Cypress's website. Advanced reservations are required.

SunPower, a majority-owned subsidiary of Cypress, designs and manufactures high-performance silicon solar cells featuring an all-back-contact design. The company currently operates a 25 MW production facility in the Philippines, and is currently doubling production capacity, with plans to ramp to more than 100 MW.

For more information about participating in this webcast, please contact a Lehman sales representative, or visit Cypress online at https://www.cypress.com/investors.

About Cypress
Cypress Semiconductor Corp." (NYSE: CY) provides high-performance solutions for personal, network access, enterprise, metro switch and core communications system applications. Leveraging its process and system-level expertise, Cypress makes industry-leading physical layer devices, framers and network search engines, along with a broad portfolio of high-bandwidth memories, USB devices, timing technology solutions and reconfigurable mixed-signal arrays. More information about Cypress is accessible online at https://www.cypress.com."

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